Forty-Somethings are at the tail end of the Boomer generation.
Gen-Xers are the Boomers’ babies!
Retirement is so close but you have not saved enough and you know unless you win the lottery there will never be a million dollars in your bank account.
Studies and surveys have shown that most Boomers have not saved enough and you know you have not saved enough.
If you are a forty-something there is still time to save for retirement.
Every Boomer needs to be thinking about three things.
Some experts believe you are going to need a million dollars saved for a comfortable retirement.
Today 10,000 Baby Boomers turned 65. Another 10,000 will turn 65 tomorrow.
To be eligible for Medicare you need to be 65. The earliest you can collect Social Security is 62 unless you are widowed.
Social Security was never meant to be your sole source of income during retirement, so look into having at least two more income streams.